Want a job? Russia’s labour deficit seeks more workers

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September 17 , 2017 – Fort Russ News – 

KtovKurse – translated by Inessa Sinchougova 

The number of vacancies in Russia over the past four years has grown by one and a half times and reached its maximum amount for the entire time of observation – 399 thousand places for candidates have now been opened, according to the recruiting service HeadHunter.

Experts note that although the number of vacancies has reached a record (181% more than 2013), but the growth in new industries has slowed.

HeadHunter believes that taking into account the average growth rates of previous years, the number of vacancies in autumn will again increase and amount to 425 thousand.

The Ministry of Economic Development and the Central Bank have repeatedly warned that the labor market in the country is close to the conditions of a labour deficit.

According to the agency’s forecasts, the number of employed people in the absence of reforms in 2017 and 2018 will be 72.1 million people, but then it will fall to 71.9 million and 71.7 million in 2019-2020, respectively.

At the same time, the number of economically active population is decreasing. According to the monitoring of the socio-economic situation of the Russian Academy of Sciences, in the first half of the year it was 455,000 lower than in the same period a year earlier.

The head of the Monetary Policy Department of the Economic Expert Group (EEG), Maria Ivanova, says that the forecasted growth in HeadHunter vacancies is another indicator of the labor market close to the deficit.

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